IndoStar Capital Finance has raised Rs 50 crore through Secured, Redeemable, Non-Convertible, Rated, Listed, Taxable Bonds in the nature of Debentures and allotted 500 bonds of face value of Rs10 lakh each, for cash, at par, to Kotak Mahindra Bank on private placement basis.
The Board of Directors of the Company at its meeting held on September 16, 2020 has approved the same.
IndoStar Capital Finance is a non-banking finance company ‘NBFC’ registered with the Reserve Bank of India as a systemically important non-deposit taking company.
